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paid for with your tax dollars. the zombies look scary, but organizers say the skit was solely to add levity to an otherwise serious meeting on protecting the homeland. senator tom coburn says it's just another example of more than $7 billion in questionable homeland security spending every year. >> wow. wasted. >> reporter: in a new report, coburn cites example after example, including nearly $30,000 for an underwater robot in columbus, ohio, the $69,000 hovercraft for indianapolis. and this, the sleepy town of keene, new hampshire, citing the need to secure its annual pumpkin festival was awarded a grant to buy a bearcat armored vehicle. price tag? $240,000. the department of homeland security said the grants make our communities safer places to live. coburn said there is just too much waste. examples are tip of the iceberg? >> sure, all over the government everywhere you look. >> reporter: what? >> waste, incompetence and stupidity. >> reporter: can you ever be too prepared for the zombie apocalypse? jonathan kar
paid for with your tax dollars. the zombies look scary, but organizers say the skit was solely to add levity to an otherwise serious meeting on protecting the homeland. senator tom coburn says it's just another example of more than $7 billion in questionable homeland security spending every year. >> wow. wasted. >> reporter: in a new report, coburn cites example after example, including nearly $30,000 for an underwater robot in columbus, ohio, the $69,000 hovercraft for...
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Feb 14, 2012
02/12
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he also wants to implement a new minimum tax of 30% on millionaires. that's the so-called warren buffett rule. the president's budget also calls for $360 billion in cuts to medicare and medicaid. >> we're going to have to make some tough choices in order to put this country back on a more sustainable fiscal path. >> reporter: so far it's been a bumpy ride. three years ago the president pledged to cut the deficit in half by the end of his first term. not only will that not happen, this is the fourth consecutive year with a deficit of more than $1 trillion. in this contentious election year there is little chance that congress will actually pass this budget. but it gives the president an opportunity to outline his agenda and lay the blame on congress if nothing gets done. rob and paula, back to you. >> that promise is going to bite the president this election season, saying by the end of my first term we'll have it cut in half. and we are far, far from that point. >> it's all about pointing fingers and the blame game. >> it's what they do best on capitol
he also wants to implement a new minimum tax of 30% on millionaires. that's the so-called warren buffett rule. the president's budget also calls for $360 billion in cuts to medicare and medicaid. >> we're going to have to make some tough choices in order to put this country back on a more sustainable fiscal path. >> reporter: so far it's been a bumpy ride. three years ago the president pledged to cut the deficit in half by the end of his first term. not only will that not happen,...
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Aug 19, 2012
08/12
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if you want him to release his tax returns, sign this petition online. they're putting the pressure on romney to release more than two years of returns. >>> let's bring in our chief white house correspondent jake tapper who's in for george stephanopoulos on "this week" today. in the eight days since paul ryan was selected as romney's running mate, medicare is his achilles heel, by bringing out his mom, has he turned that dynamic around? >> not right. it was a nice florida rally. the dynamic hasn't been turned around. many house republicans and republican officials are very nervous about medicare being the topic as opposed to jobs and the economied and 8.3 unemployment. there's a very aggressive pushback by the romney/ryan teams. talking about cuts the president made to medicare to pay for obama care and other benefits in that program and also, of course, bringing out his mother, talking about the need to have a serious discussion to preserve medicare for future retirees. that's their aggressive approach. >> all of this back and forth, is super confusing
if you want him to release his tax returns, sign this petition online. they're putting the pressure on romney to release more than two years of returns. >>> let's bring in our chief white house correspondent jake tapper who's in for george stephanopoulos on "this week" today. in the eight days since paul ryan was selected as romney's running mate, medicare is his achilles heel, by bringing out his mom, has he turned that dynamic around? >> not right. it was a nice...
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Aug 19, 2012
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than 1% in taxes each year. and here's the kicker, he expects you to pick up the tab. >> reporter: the battle of getting romney to release more tax returns over? the answer is absolutely not. if you want him to release his tax returns, sign this petition online. they're still putting the pressure on romney to release more than two years of returns. >> david, thank you. >>> let's bring in our chief white house correspondent jake tapper who's in for george stephanopoulos on "this week" today. in the eight days since paul ryan was selected as romney's running mate, the convention wisdom has been that medicare is his achilles heel, by bringing out his mom, has he turned that dynamic around? >> not really. it was a nice florida rally. the dynamic hasn't been turned around. many house republicans and republican officials who are very nervous about medicare being the topic as opposed to jobs and the economy and 8.3% unemployment. but there's a very aggressive pushback by the romney/ryan teams. which includes, talking a
than 1% in taxes each year. and here's the kicker, he expects you to pick up the tab. >> reporter: the battle of getting romney to release more tax returns over? the answer is absolutely not. if you want him to release his tax returns, sign this petition online. they're still putting the pressure on romney to release more than two years of returns. >> david, thank you. >>> let's bring in our chief white house correspondent jake tapper who's in for george stephanopoulos on...
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Mar 30, 2012
03/12
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cutting taxes for everyone. creating opportunity for everyone. that's the message i have been taking around this country. >>reporter: in addition to comparing himself to reagan, santorum took jab at front runner romney. brought a minieven sketch poking fun at comment made by romney aide who said the former massachusetts governor would be able to reset his campaign after the primary. >> governor romney said that after the sketch flap he would run as conservative in the fal fall. i'm not going to run as a conservative in the fall. i am a conservative, period. [applause]. >>reporter: it's up clear how much money was raised tonight but over all santorum trails romney a hu by a huge margin. 5 million i don't know to romney 75 million. live inal month, abc 7 news. >> thanks for. that romney was endorsed today by former president george hw bush and his waive barbara. romney joined them in houston for announcement. former florida governor and george stayed out of the fray. >> apple manufacturing plant in china. audit at the plant found health safety and
cutting taxes for everyone. creating opportunity for everyone. that's the message i have been taking around this country. >>reporter: in addition to comparing himself to reagan, santorum took jab at front runner romney. brought a minieven sketch poking fun at comment made by romney aide who said the former massachusetts governor would be able to reset his campaign after the primary. >> governor romney said that after the sketch flap he would run as conservative in the fal fall. i'm...
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Feb 16, 2012
02/12
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americans will not maintain their payroll tax cuts. a lot of folks lost their jobs and they will receive unemployment benefits. >> one change eligibility will drop from 99 weeks to 73 weeks. the bill also includes protection for doctors from a cut in medicare reimbursments. the house and the senate are expected to vote on this compromise on the measure on friday. >>> president ob to tding to the bay area tomorrow to raise millions for his re-election campaign. tonight he is in southern california. air force one touched down at los angeles international late this afternoon, and tonight the president attended a $35,000 a plate dinner hosted by comedian will farrell. tomorrow president obama comes to san francisco for an exclusive dinner at the pacific heights home of novelist robert maler anderson. supporters will also pay nearly $36,000 each to mingle with the president. the president will attend two other events, one at the mark hopkins international hotel and the other at the nob hill ma sonic center. >>> conditions are clear enough t
americans will not maintain their payroll tax cuts. a lot of folks lost their jobs and they will receive unemployment benefits. >> one change eligibility will drop from 99 weeks to 73 weeks. the bill also includes protection for doctors from a cut in medicare reimbursments. the house and the senate are expected to vote on this compromise on the measure on friday. >>> president ob to tding to the bay area tomorrow to raise millions for his re-election campaign. tonight he is in...
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. >> they said no to a parcel tax that would have covered the budget shortfall. now the government is working with a skeleton crew. nine firefighters per shift to cover 250 square miles. >> people are losing their homes. they are losing their jobs. every penny counts. >> and could prove to be rougher still. they have laid off 50 firefighters that were excellent employees. were fewer stations and less firefighters i had what doesk them. what does it mean in the event of an emergency call. >> our response times in the you oner edge of the district is going to increase looking at 13-414 minute response times. -- 13-14 minute response times. >> the people out here we all come together for whatever cause it is. i know we're going figure out something. >> she and her friends may need to rely on each other more than ever before. >>> a fund-raiser was held in san francisco to benefit people who lost their home to an apartment fire nearly two months ago. two apartment buildings burned at the corner of valencia street and debose. >> they are not sure where they are going t
. >> they said no to a parcel tax that would have covered the budget shortfall. now the government is working with a skeleton crew. nine firefighters per shift to cover 250 square miles. >> people are losing their homes. they are losing their jobs. every penny counts. >> and could prove to be rougher still. they have laid off 50 firefighters that were excellent employees. were fewer stations and less firefighters i had what doesk them. what does it mean in the event of an...
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and that's all from cuts, no tax increases. the obama administration is downplaying suggestions that this race has implications for november's presidential election. >> in a race where one side is outspending the other by a ratio of at least 8/1, probably won't tell us much about a future race. >> reporter: mitt romney's campaign believes walker's win could help put wisconsin in play. but exit polls show wisconsin voters still favor the president over the presumptive republican nominee by more than ten points. >>> and another problem for romney. it's now been confirmed that investigators are looking into whether his private e-mail account has been hacked. it all started when "the wall street journal" printed romney's e-mail address. the alleged hacker claims he was able to access an account by guessing the security question, what's your favorite pet? however, no e-mails or documents have been made public since the alleged hacking. >>> and more election year politics. this time, on capitol hill. republican lawmakers have blocked
and that's all from cuts, no tax increases. the obama administration is downplaying suggestions that this race has implications for november's presidential election. >> in a race where one side is outspending the other by a ratio of at least 8/1, probably won't tell us much about a future race. >> reporter: mitt romney's campaign believes walker's win could help put wisconsin in play. but exit polls show wisconsin voters still favor the president over the presumptive republican...
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Feb 27, 2012
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. >>> tomorrow the san jose city council is expected to talk about raising taxes on residents in the future. councilmembers are dealing with the city's 11th straight budget deficit. some lawmakers are considering biffle raising sales and business taxes -- they say general revenue per capita has dropped even though the city has added 45,000 residents in the past five years. >>> the oscar after parties are just wrapping up. the artist was the big winner taking home five. it is only the second silent film ever to win best picture the last time it happened was in 1929 for a film called wings. the artist brought jean double-edge double the oscar for best actor -- jean dujardin the oscar for best actor. >> i love your country. >> the biggest surprise of the night may have been in the best actress category which went to meryl streep for her role as margaret thatcher in the iron lady. >> when they call my name i could hear half of america oh no, her again! you know. but whatever. thank you. >> streep has been nominated 17 times she hasn't won since sophie's choice in 1983. other big winners
. >>> tomorrow the san jose city council is expected to talk about raising taxes on residents in the future. councilmembers are dealing with the city's 11th straight budget deficit. some lawmakers are considering biffle raising sales and business taxes -- they say general revenue per capita has dropped even though the city has added 45,000 residents in the past five years. >>> the oscar after parties are just wrapping up. the artist was the big winner taking home five. it is...
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Nov 15, 2012
11/12
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the re-elected president weighs in on your taxes, the petraeus scandal and issues a blazing challenge to those criticizing his u.n. ambassador on benghazi. >> you want to go after somebody, they should go after me. >>> romney's revelation. what he said today about blacks, hispanics and why he thinks obama really won. >>> made in america. would a big corporate giant like sears take your idea and have it made in china? this small town inventor says yes and tries to take them on. >>> and fakeout. what is he doing? was he really pushed? how about him? the crackdown tonight. >>> good evening. we begin with the president. eight days after his re-election energized and diving straight into the headlines. at his first press conference today, he talked about the scandal that took down the head of the cia, the looming fiscal crisis that could raise taxes for everyone on january 1st and then, he came out swinging in defense of one member of his team. and abc's jonathan karl was right there in that room asking questions. jon? >> reporter: diane, this was a confident president today, eager to lay
the re-elected president weighs in on your taxes, the petraeus scandal and issues a blazing challenge to those criticizing his u.n. ambassador on benghazi. >> you want to go after somebody, they should go after me. >>> romney's revelation. what he said today about blacks, hispanics and why he thinks obama really won. >>> made in america. would a big corporate giant like sears take your idea and have it made in china? this small town inventor says yes and tries to take...
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Mar 15, 2012
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tax the next tax chat and hotline will take place tuesday april 3rd from 4:30 until 8:00 in the evening of the by the way, we have all of the questions and answers from today's session posted at abc7news.com. you will find that on 7 on your side. >>> a quick health item. lack of sleep could be making us fat. a new study found skimping on schlepp could increase your caloric intake by 550 calories a day. the study presented at an american heart association meeting adds to growing evidence that sleep deprivation is tied to weight gain. researchers say more study is needed to find out exactly why. all i know is when i can't sleep i go downstairs and i eat something. >> ice cream maybe? a little something. larry beil is here now. >> that story explains why we are frequently napping in the sports department of the we are -- sports department. we are burning calories. >> by napping? >> exactly. we are getting more sleep and in better shape. how will the warriors fair. that's my story. i'm sticking to it. there is -- i'm taking a quick 2-minute nap andc@3q the more products we touch around the
tax the next tax chat and hotline will take place tuesday april 3rd from 4:30 until 8:00 in the evening of the by the way, we have all of the questions and answers from today's session posted at abc7news.com. you will find that on 7 on your side. >>> a quick health item. lack of sleep could be making us fat. a new study found skimping on schlepp could increase your caloric intake by 550 calories a day. the study presented at an american heart association meeting adds to growing...
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. >> our tax dollars at work. >>> the hugely popular internet video exposing african war lord joseph kone has a sequel. kone part 2 focuses attention on the criticism of the first documentary. what's missing is the voice of narrator and director, jason russell. he has been hospitalized since suffering a very public meltdown last month. >>> also, a japanese cargo ship set adrift by last year's tsunami is now at rest at the bottom of the sea. a u.s. coast guard cutter sank the 164-foot vessel in the gulf of alaska to keep it from cluttering shipping lanes. the boat was set to be scrap when it was washed out to sea last march, part of two tons of debris. only a fraction is expected to reach our shores in the u.s. most of it, not until next year. >>> millions of christians around the world are preparing to celebrate the holiest day of the church calendar. at the vatican, pope benedict took part of the foot washing ritual. and keeping with the white house tradition, president obama joined jewish staff members for a sadr meal, for passover. >>> time for a look at your weather from across t
. >> our tax dollars at work. >>> the hugely popular internet video exposing african war lord joseph kone has a sequel. kone part 2 focuses attention on the criticism of the first documentary. what's missing is the voice of narrator and director, jason russell. he has been hospitalized since suffering a very public meltdown last month. >>> also, a japanese cargo ship set adrift by last year's tsunami is now at rest at the bottom of the sea. a u.s. coast guard cutter sank...
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May 28, 2012
05/12
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ferry owners didn't want to learn business, want t want to pay the taxes and military didn't want to block the harbor if somebody bombed it international orange was selected to contrast the water and blend in with the hills. >> they retraced steps when they walked 75 years ago. betty went along the just sidewalk today just as she did as a nine-year-old back in 1937. three generations of the family of san francisco joined hands as they walked the span. she remembers the day it open. >> i remember the cars going through. there were the big cars and show at the beginning. everything else was the same. i was with my father. i was a young kid like this guy. it was fabulous. >> it's one of the milestones in san francisco native history where we going where my dad and now my two kids and experience this. >> this woman diana brought the ticket that allowed they are her to walk on the bridge 75 years ago. >> fire crews in san francisco are trying to determine how a fire started inside a house at the sunset district. firefighters were working on the roof at home. nobody was hurt zblflt in san
ferry owners didn't want to learn business, want t want to pay the taxes and military didn't want to block the harbor if somebody bombed it international orange was selected to contrast the water and blend in with the hills. >> they retraced steps when they walked 75 years ago. betty went along the just sidewalk today just as she did as a nine-year-old back in 1937. three generations of the family of san francisco joined hands as they walked the span. she remembers the day it open....
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Apr 18, 2012
04/12
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california makes a decision to save last minute tax dollars. and what about the rest of us. trouble at sea bn unusually large number of baby seals to salsa lito. and are join us with those and more coming up at 4:00. brian. >> thanks, larry. we'll look at the hot sheet. it is a two-part halograv. and there is a tour. yes. dr. dray and snoop dog didn't comment but there are speculation that they could share a stage with eminem. kim kardashian has done it all . would you vote for her as your mayor. kim and sister chloe she would like to be the mayor of glendale. she's going to buy a house there and pursue politics in like five years. and bringing sexy back to his house. and that is launching a new line next month. >> all right. that's it for us. we'll check you tomorrow. we'll not be halograms tomo, bye-bye. [ female announcer ] what would you call an ordinary breakfast pastry that's been wrapped in a flaky crust stuffed with a gooey center toasted up all golden brown then given a delicious design? a toaster strudel. pillsbury toaster strudel. so delicious...so fun. mom, we're
california makes a decision to save last minute tax dollars. and what about the rest of us. trouble at sea bn unusually large number of baby seals to salsa lito. and are join us with those and more coming up at 4:00. brian. >> thanks, larry. we'll look at the hot sheet. it is a two-part halograv. and there is a tour. yes. dr. dray and snoop dog didn't comment but there are speculation that they could share a stage with eminem. kim kardashian has done it all . would you vote for her as...
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Jul 16, 2012
07/12
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the president's campaign is asking, why, then, was he listed as chief executive in tax filings years later? tonight the obama campaign is pressing forward, foe kising on romney taxes and asking why he won't release two years' worth. here's david kerley. >> reporter: other than the time he spent in church this morning, part of his new hampshire lake house weekend, mitt romney must have heard the growing and loud calls to release his taxes. from team obama. >> then show us. show the american people. >> he can clear this up. just make it public. >> we don't know all the loopholes he might have taken advantage of. >> reporter: and now even republicans. >> he should release the tax returns tomorrow. it's crazy. >> reporter: the republican governor of alabama only added fuel to the fire. >> the best thing to do is just get everything out in the open and just say, hey, i have nothing to hide. >> reporter: romney, who is worth a quarter billion dollars, did release his return for 2010, showing that some of his money is in offshore accounts. he says he will release last year's return too. whe
the president's campaign is asking, why, then, was he listed as chief executive in tax filings years later? tonight the obama campaign is pressing forward, foe kising on romney taxes and asking why he won't release two years' worth. here's david kerley. >> reporter: other than the time he spent in church this morning, part of his new hampshire lake house weekend, mitt romney must have heard the growing and loud calls to release his taxes. from team obama. >> then show us. show the...
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that's after paying upwards of $100 million in taxes. but much remains unknown. his job. does he have children? and, of course, who is he? we know he isn't this guy, seen celebrating what he thought was the winning ticket in maryland. the other winners, cindy and mark hill, came forth publicly just two days after the drawing. >> we're still stunned by what happened. >> reporter: the new winner may decide to reveal his identity eventually, which would allow him, if nothing else, to meet all those friends he never knew he had. ron claiborne, abc news, new york. >>> and still ahead right here on "world news," a puppy for christmas? chris cuomo tonight on a scam that takes advantage of every child's dream. two years ago, the people of bp made a commitment to the gulf. bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we'r
that's after paying upwards of $100 million in taxes. but much remains unknown. his job. does he have children? and, of course, who is he? we know he isn't this guy, seen celebrating what he thought was the winning ticket in maryland. the other winners, cindy and mark hill, came forth publicly just two days after the drawing. >> we're still stunned by what happened. >> reporter: the new winner may decide to reveal his identity eventually, which would allow him, if nothing else, to...
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Aug 12, 2012
08/12
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they're doing while helping wealthy millionaires with tax cuts. this is going to be their core of the argument. >> and the ryan plan very famous in washington and political circles. as far as the rest of the country, what are americans going to feel? >> pollings show they don't like it so far. one of the advantages of ryan is that he's probably the best proponent of his own plan, the most articulate spokesperson of his own plan. that's why romney picked him going into this. paul ryan isn't particularly well known as a congressman. it will be interesting to see how he holds up on the national spotlight. >> quickly, you have tim pawlenty on your show. we got word last monday, he got the phone call from mitt romney that he wasn't going to be his pick? >> second-time runner-up. he thinks that ryan is a terrific choice. but there's got to be lot of disappointment. >> all right, george, thank you. join george later today for a special "this week" when he talks to obama senior aid have visor david axelrod as well as tim pawlenty. >>> who is this man who
they're doing while helping wealthy millionaires with tax cuts. this is going to be their core of the argument. >> and the ryan plan very famous in washington and political circles. as far as the rest of the country, what are americans going to feel? >> pollings show they don't like it so far. one of the advantages of ryan is that he's probably the best proponent of his own plan, the most articulate spokesperson of his own plan. that's why romney picked him going into this. paul...
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Apr 15, 2012
04/12
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and pressure from president obama on mitt romney to release his tax returns. >> for the first time the president directly called on his likely opponent to match his move. >> absolutely. i think it's important for any candidate for public office to be as transparent as possible. >> reporter: romney released one tax return and just asked for an extension this year. in his weekly address -- >> by voting for the buffett rule. >> mr. obama called for a change to tax cold named after a billionaire. >> the buff bette fuel. >> the buffett rule. >> it would require those make more than a million dollars to at least pay the same rate as the middle class, 30%. it'sway but who says he -- buffett who says he shouldn't pay a lower rate than his sect. 60% of americans say congress should pass the buffett rule. 37% say it's a bad idea. >> while the tax deadline has been extended until tuesday, april 17th. because monday is a holiday in washington, dc. >> alan: which give twoz california celebrities very little time to pay up. lionel richie could be in big trouble. owing the federal government more tha
and pressure from president obama on mitt romney to release his tax returns. >> for the first time the president directly called on his likely opponent to match his move. >> absolutely. i think it's important for any candidate for public office to be as transparent as possible. >> reporter: romney released one tax return and just asked for an extension this year. in his weekly address -- >> by voting for the buffett rule. >> mr. obama called for a change to tax...
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Mar 10, 2012
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you do not have to pay taxes on two weeks worth of rental per year. so if you rent out your place 15 days, then have you to claim all of the money you took in. 14 days or less, do you not. that is it. >> and an american air lines flight delayed because of an unruly flight attendant. here is video. the flight attendant got on the intercome saying the plane was headed for disaster. >> if we didn't get back, we'd crash. >> what did you think when you heard that? >> that is when everyone started to undo seat belts. >> and the woman had to be held down and taken off the plane, police determined it was a mid cal issue. and the love boat has been sent to the scrap yard, say it isn't so, captain stubbing. the cruise ship has been sold to a turkish demolition firm for $3 million. the series ran from 1977 through 1986. the ship operated by a spanish cruise line. and talk show radio host rush limbaugh may be prosecute forward recent comments about a college student. calling her a slut and prostitute over her stand on availability of birth control. today, attorne
you do not have to pay taxes on two weeks worth of rental per year. so if you rent out your place 15 days, then have you to claim all of the money you took in. 14 days or less, do you not. that is it. >> and an american air lines flight delayed because of an unruly flight attendant. here is video. the flight attendant got on the intercome saying the plane was headed for disaster. >> if we didn't get back, we'd crash. >> what did you think when you heard that? >> that is...
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Mar 12, 2012
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. >> and a family puts $25,000 in a tax-free college fund, but it disappears. i'm michael finney. coming up, 7 on your side locates the cash. >> and a massive mansion with a massive price. how much this home will set you back when we return. >>> we have breaking news to tell you about tonight. at least three people were shot in oakland. it happened near high street and san carlos avenue at an apartment building. police say 45 shell casings were found at the scene. officers were checking highland hospital for possible bullet wounds. one victim has a superficial injury and the conditions of the other two are unknown. >>> and people in san francisco's japan town remembers the horror of a year ago in their home country. the devastating earthquake and tsunami left more than 19,000 missing andand almost caused a nuclear melt down. >>> someone broke the hearts of some little leaguers in petaluma. two new pitching machines and protective equipment were stolen. the machines cost about $3500 each. >>> a suspected it drunk driver knocked over a power pole in concord and then walked away from
. >> and a family puts $25,000 in a tax-free college fund, but it disappears. i'm michael finney. coming up, 7 on your side locates the cash. >> and a massive mansion with a massive price. how much this home will set you back when we return. >>> we have breaking news to tell you about tonight. at least three people were shot in oakland. it happened near high street and san carlos avenue at an apartment building. police say 45 shell casings were found at the scene. officers...
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Nov 10, 2012
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tax cuts. tax cuts. tax cuts. try a tax cut. >> reporter: but yesterday, republican house speaker john boehner told diane sawyer that was a nonstarter. >> is it on the table to talk about? >> i made clear -- >> the wealthier americans pitch in. >> yesterday that raising tax rates is unacceptable. and frankly, it couldn't even pass the house. >> reporter: still, today, the president said the debate had been settled, with his victory tuesday night. >> this was a central question during the election. it was debated over and over again. and on tuesday night, we found out that the majority of americans agree with my approach. >> reporter: and he threw down the gauntlet, saying everyone agrees on keeping the middle class tax cuts for those who make under $200,000 a year. so, he said, congress should act on that now. >> and i've got the pen ready to sign the bill right away. i'm ready to do it. i'm ready to do it. >> reporter: and diane, president obama heads to asia next week. but before he leaves, he is calli
tax cuts. tax cuts. tax cuts. try a tax cut. >> reporter: but yesterday, republican house speaker john boehner told diane sawyer that was a nonstarter. >> is it on the table to talk about? >> i made clear -- >> the wealthier americans pitch in. >> yesterday that raising tax rates is unacceptable. and frankly, it couldn't even pass the house. >> reporter: still, today, the president said the debate had been settled, with his victory tuesday night. >>...
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the tax returns. >> it could go away. but no, not yet. >> hey, in -- earlier piece i think that jonathan karl did, quick to mention john mccain only released two years. everybody is clamoring. wants full disclosure. i don't think they're going to get it. >> according to romney. not going to do it. two years, that's all you're getting. >> that's what he tries, like i am not going to acquiesce. every pitch that comes my way am i going to have to acquiesce and bow, cater to them. >> kill the issue. here, take it. it could be all over. >> did everything legal, did everything legal above board, didn't pay more, less, paid what he was supposed to. >> we will lighten the mood when we come back. >> we will? will we really? >> o.j. simpson and why he is not going to talk to oprah winfrey. >> what is old is new again on "dancing with the stars." you are watching "world news now." >> announcer: abc's "world news now" will continue after this from our abc stations. s now" will continue after this rpeú ♪ skinny so skinny >> all rig
the tax returns. >> it could go away. but no, not yet. >> hey, in -- earlier piece i think that jonathan karl did, quick to mention john mccain only released two years. everybody is clamoring. wants full disclosure. i don't think they're going to get it. >> according to romney. not going to do it. two years, that's all you're getting. >> that's what he tries, like i am not going to acquiesce. every pitch that comes my way am i going to have to acquiesce and bow, cater to...
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state income tax is $26 for a $720 in income taxes. but if you have a second income of another $50,000, the tax picture changes dramatically. federal taxes rise to $856 and state taxes to $3,111 for a total of 11,767. the first $50,000 is worth $49,280 for your family. the second $50,000? well it is only worth $38,953. raven perkins runs the website, stay a stay at home mom.com. she says for her family the numbers didn't add up. >> on paper i was making $2100 a month.after i started to add e expenses i had for working i was actually only making $315 a month. >> where was that money going? aside from taxes and child care, there are commute costs and dinners out and work the take h clothes. the take home pay gets quick up quickly. the main decider is almost always kids. month every month? paying in if you have more than one child in child care, the chances are by bringing that second home person from work, that is enough to make the savings worth while. >> for more information on home schooling and resources that are available go to abc7
state income tax is $26 for a $720 in income taxes. but if you have a second income of another $50,000, the tax picture changes dramatically. federal taxes rise to $856 and state taxes to $3,111 for a total of 11,767. the first $50,000 is worth $49,280 for your family. the second $50,000? well it is only worth $38,953. raven perkins runs the website, stay a stay at home mom.com. she says for her family the numbers didn't add up. >> on paper i was making $2100 a month.after i started to...
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i want to raise taxes on rich people. the republicans said, no go. do you see any pathway to a deal here? >> there's going have to be a pathway to a deal here. you'll have a big hit on january 1st, spending cuts and tax increases. right now, both sides -- there's some middle ground. is there a way to get new revenue out of the wealthy without raising their rates. >> george, thank you. must-watch show this morning. patty murray and saxby chambliss and his powerhouseround table. >>> ron claiborne with the other top stories. >>> good morning, empbl. >>> we begin with politics. they finally finished counting ballots in florida. the official winner in that state barack obama. president obama edged out mitt romney by 74,000 out of 8 million cast. the governor of florida will seek to see what it can do to improve the voting process in florida. power is finally coming back for thousands of people in new jersey still in the dark since superstorm sandy. people should have power restore today. progress is much slower on long island
i want to raise taxes on rich people. the republicans said, no go. do you see any pathway to a deal here? >> there's going have to be a pathway to a deal here. you'll have a big hit on january 1st, spending cuts and tax increases. right now, both sides -- there's some middle ground. is there a way to get new revenue out of the wealthy without raising their rates. >> george, thank you. must-watch show this morning. patty murray and saxby chambliss and his powerhouseround table....
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the company's tax rate 9.8%. without all the advantages apple would have paid $2.4 billion more in taxes in addition to the $3.3 billion it did pay. we should note the ceo of disney which owns abc news, sits on the board of apple. >> it is all perfectly legal. the tax rules are flexible enough that it enables them to move their profits, their income offshore, something that you or i or small business couldn't do. >> reporter: this what we call a loophole? >> a classic, huge, drive a truck through loophole. >> reporter: we asked apple about this and the company said the exact same thing. it is all legal and ethical. and the company added, quote, it is incredibly proud of all of apple's contributions. david kerley, abc news, washington. >> i'm speechless. speechless. >> billions of dollars that could be in our government's coffers. but not. not just a loophole -- a loophole you could shove this building through. >> so many small businesses folding because of, taxes and, the economy, and so they open up this little
the company's tax rate 9.8%. without all the advantages apple would have paid $2.4 billion more in taxes in addition to the $3.3 billion it did pay. we should note the ceo of disney which owns abc news, sits on the board of apple. >> it is all perfectly legal. the tax rules are flexible enough that it enables them to move their profits, their income offshore, something that you or i or small business couldn't do. >> reporter: this what we call a loophole? >> a classic, huge,...
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under the tax code, filing deadlines can't fall on weekends or holidays. enjoy the two extra days off. >>> meet the man behind some of the most iconic music videos of all time. joseph kahn talks about the hot new stars. >> and james cameron could be calling himself the king of the world when we return. >> and i'm meteorologist leigh glaser. travel to southern california. i have the forecast 4, and we will look ahead here locally in the next seven days. >>> james cameroon has shored up his position as king of the world. at least king of the box office. his blockbuster "titanic" has gone past the $2 billion in lifetime ticket sales thanks to the recent 3-d released of the film timed to coincide with the centennial of the ship's sinking. only one other movie has topped $2 billion and that is cameron's 2009 sci-fi smash "avatar." >> i'm sorry this happened to you. i am here to help new anyway i can. >> most people just congratulate me. >> i don't see the point in that. >> "the hunger games" is still the winner in the box office. it is about teens competing in
under the tax code, filing deadlines can't fall on weekends or holidays. enjoy the two extra days off. >>> meet the man behind some of the most iconic music videos of all time. joseph kahn talks about the hot new stars. >> and james cameron could be calling himself the king of the world when we return. >> and i'm meteorologist leigh glaser. travel to southern california. i have the forecast 4, and we will look ahead here locally in the next seven days. >>> james...
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. >>> tax plans. >> he's asking you to pay more so people like him can get a big tax cut. >>> and tax returns. >> harry reid has to put up or shut up, all right? so, harry, who are your sources? >> the big questions, was friday's jobs report a sign of hope or more of the same? >>> and how much of a splash can romney make with his running mate? we'll ask the party chairs. debbie wasserman schultz for the democrats and reince priebus for the gop and our powerhouse roundtable. with george will, ann coulter, van jones, steve rathner and jon karl. >>> plus, abc news at the olympics. all of the latest from london. >>> hello, again, and how about that michael phelps? what a stunning cap to his olympic career last night. 18th gold medal. as the top olympian ever. we'll have more on that coming up. >>> but politics first, face-off for the party chairs in the first week in august. debbie wasserman schultz here for the democrats and reince priebus for the republicans.
. >>> tax plans. >> he's asking you to pay more so people like him can get a big tax cut. >>> and tax returns. >> harry reid has to put up or shut up, all right? so, harry, who are your sources? >> the big questions, was friday's jobs report a sign of hope or more of the same? >>> and how much of a splash can romney make with his running mate? we'll ask the party chairs. debbie wasserman schultz for the democrats and reince priebus for the gop and...
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>> reporter: team owe what tells us the president will go after romney on his tax cut plans and his ideas for winding down the war in afghanistan. in tuesday's debate, audience members will ask the questions in the town hall format. >> he's got to be able to go on offense without being offensive to the audience. he's got to go on offense and defend his vision, his path to where he'd take the country in the second term. >> i had a debate about a week ago. i did enjoy myself. >> reporter: as for romney, who is energized by the momentum and bigger crowds he's seen since the debate. our debate coach says, keep it up. >> i can't imagine he would get overconfident. he needs to do much of the same he did in the first debate. >> reporter: the big face-off set for tuesday night. the owe what campaign just announced it has more than 4 million donors this cycle. that's a presidential record. >> thank you, david. >>> let's bring in jake tapper for more. he's in washington filling in for george stephanopoulos on "this week." >> i'm senior white house correspondent. not chief. >> never get the title wr
>> reporter: team owe what tells us the president will go after romney on his tax cut plans and his ideas for winding down the war in afghanistan. in tuesday's debate, audience members will ask the questions in the town hall format. >> he's got to be able to go on offense without being offensive to the audience. he's got to go on offense and defend his vision, his path to where he'd take the country in the second term. >> i had a debate about a week ago. i did enjoy myself....
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. >> $7,500 before taxes. >> reporter: you heard right. every employee gets 7,500 bucks every year for a dream vacation to anywhere. but the guy who may be the best boss ever has rules. >> one, you actually have to take a vacation to get the money. two, you have to disconnect from work. so that means no calls, no e-mails, no tweets to work action of any kind. i suck at it. >> reporter: case in point, that's lorraine's fiance sarah at egypt's great pyramids. and there's bart, checking his e-mail. >> we're probably going to be hiring about 12 folks in the next six months. >> what, so you have jobs available? >> we have jobs available, absolutely. >> reporter: i'm just asking for a friend. tech companies are known for their extravagant perks. google offers on-site health care and pays for college degrees, even legal advice. at facebook, employees with new arrivals get $4,000 in baby cash. but it's not just about recruiting talent. new studies show employees who occasionally unplug are less stressed and more productive. >> it's a real break fo
. >> $7,500 before taxes. >> reporter: you heard right. every employee gets 7,500 bucks every year for a dream vacation to anywhere. but the guy who may be the best boss ever has rules. >> one, you actually have to take a vacation to get the money. two, you have to disconnect from work. so that means no calls, no e-mails, no tweets to work action of any kind. i suck at it. >> reporter: case in point, that's lorraine's fiance sarah at egypt's great pyramids. and there's...
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the governor says the law insures that no tax money is used to indirectly pay for abortions. planned parenthood is planning legal action. >>> and an update on a 27-year-old woman who plunged to her death while hang gliding. the pilot has produced the memory card from the camera. police believe it may hold answers to the tragic accident. >>> and a gray whale tangled in a fishing net off the coast of california for weeks has finally been freed. the fishermen used bamboo poles to rescue the whale. who did a lap around the vessel. >>> time, now, for the weather and ace meteorologist, ginger zee. >> we've got ron caught on to it, too. it's going to be a hot cinco de mayo. let's see a video or a live shot from earlier this morning. wfaa, dallas, our affiliate there. this time of year, they have more than 13 1/2 hours of daylight. so nice. my favorite time when we get all of the sunshine. it's going to help heat you up, too. lubbock might get a record today. if they break or hit 100 they will. all the way to raleigh, at 90. denver has one more warm one. tomorrow, starts to cool down
the governor says the law insures that no tax money is used to indirectly pay for abortions. planned parenthood is planning legal action. >>> and an update on a 27-year-old woman who plunged to her death while hang gliding. the pilot has produced the memory card from the camera. police believe it may hold answers to the tragic accident. >>> and a gray whale tangled in a fishing net off the coast of california for weeks has finally been freed. the fishermen used bamboo poles to...
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they've tended to release tax records in april, or tax season. i hadn't planned on releasing tax records because the law requires us to release all of our assets, all the things we own. >> americans for a better tomorrow -- >> speaking of south carolina, stephen colbert is stirring things up ahead of the primary there. others just released an ad urging voters to pick herman cain on saturday. the ad says, in fact, cain is such an outsider he's not even running for president. >> got to have a dose of humor with your politics. >>> well, jon huntsman was not on the stage last night in south carolina. he decided to drop out of the race and endorse romney instead. that's despite some harsh criticism he's thrown in romney's direction over the past few weeks. here's abc's jonathan karl. >> reporter: jon huntsman called it quits with a touch of bitterness. >> this race has degenerated into an onslaught of negative and personal attacks not worthy of the american people. >> reporter: perhaps. but some of the harshest attacks against romney were leveled by h
they've tended to release tax records in april, or tax season. i hadn't planned on releasing tax records because the law requires us to release all of our assets, all the things we own. >> americans for a better tomorrow -- >> speaking of south carolina, stephen colbert is stirring things up ahead of the primary there. others just released an ad urging voters to pick herman cain on saturday. the ad says, in fact, cain is such an outsider he's not even running for president. >>...
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the obama campaign, suggests that the ryan pick fits their narrative, that republicans want to give tax cuts to the rich while dismantling medicare and privatizing social security, hurting the middle class. some democrats seemed lethal. harry reid claimed that the pick of ryan caters to the far right rather than standing with the middle class. others called ryan extreme. the ticket "a match made in millionaires' heaven." ryan, the author of disastrous budgets. what exactly does the president think? we don't know. he didn't say anything as he left the white house yesterday. he's in chicago for fund-raisers all day today. tomorrow, he's back on the trail. i have a feeling that he's going to have a lot to say about mr. romney's pick. >>> let's bring in host of "this week" george stephanopoulos for more on the romney/ryan ticket. okay, first impressions. we saw them in virginia together. if their goal was to rally the conservative base, did they do that? >> i think they certainly did. you saw a lot of excitement on the trail and on the face of mitt romney. romney was a better campaigner yes
the obama campaign, suggests that the ryan pick fits their narrative, that republicans want to give tax cuts to the rich while dismantling medicare and privatizing social security, hurting the middle class. some democrats seemed lethal. harry reid claimed that the pick of ryan caters to the far right rather than standing with the middle class. others called ryan extreme. the ticket "a match made in millionaires' heaven." ryan, the author of disastrous budgets. what exactly does the...
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look for language difference between tax rates and tax revenue as the debate moves forward there. >>> also this morning, the promises made to students by private for-profit colleges. did recruiters know and bend the truth about the job market to lure students to sign up for classes? a lot of reporting in recent years about what is going on with for-profit colleges. some of it kind of scary. we'll delve into that. >> we'll hear more in the next half hour. >>> later, the legendary rolling stones begin their concert tour, celebrating 50-year search for rock 'n' roll satisfaction. the first of five concerts. >> i could watch mick jagger dance all day. i think that's poetry in motion when mick gets on the stage and he's prancing around there. you can't beat that. that's americana at its best. >> better moves. rob nelson? mick jagger? >> no one's in mick's league. >>> but first, retailers will have an eye on computer hard drives today in addition to those cash registers. >> cyber monday has already begun with online vendors posting holiday bargains. shoppers expect to spend $1.5 billion onl
look for language difference between tax rates and tax revenue as the debate moves forward there. >>> also this morning, the promises made to students by private for-profit colleges. did recruiters know and bend the truth about the job market to lure students to sign up for classes? a lot of reporting in recent years about what is going on with for-profit colleges. some of it kind of scary. we'll delve into that. >> we'll hear more in the next half hour. >>> later, the...
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we know that the tax hikes go up. some estimates -- ben bernanke, the fed chairman, fears that it will throw the country into a recession. that would hurt the whole country, of course president obama as well. they have to be careful here as well. but democrats and the president clearly believe that they have the leverage to force an increase in these tax rates on the upper income americans before they agree to a deal. >> we'll all be watching the stock market as well. if that indeed happen. >>> the president is also concentrating on recasting his new cabinet and one name that came up yesterday is a replacement for leon panetta at the defense department. actually a republican, chuck hagel. former senator from nebraska. >> it's possible, but this is a real game of musical chairs right now. the president has to fill at least three big jobs, secretary of state, hillary clinton, defense and cia. and if the president does not choose susan rice that means john kerry goes to state and hagel goes to defense. if he chooses kerr
we know that the tax hikes go up. some estimates -- ben bernanke, the fed chairman, fears that it will throw the country into a recession. that would hurt the whole country, of course president obama as well. they have to be careful here as well. but democrats and the president clearly believe that they have the leverage to force an increase in these tax rates on the upper income americans before they agree to a deal. >> we'll all be watching the stock market as well. if that indeed...
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santorum on romney's tax plan. >> i don't think the plan is bowl or focused on where the problems are. >> as far as who california republicans think will be the nominee. romney seems to have an unshakable lead, and all this bickering tonight won't change that. >> by and large tonight romney kept his lead. i don't think anything dramatic happened to take that lead away from him. until the field is down to maybe one or two antiromneys, he is going to continue to lead. >> california republicans believe that romney has the inside track on the party's nomination. they say that after, not if, romney wins new hampshire, if then he also wins south carolina, then he is a shoe-in. >> the latest polls show the race for the republican presidential nomination could be over in numbers, romney doubled his lead over ron paul. it's almost a runaway in south carolina where romney lead rick santorum, 37 to 19%. we'll give you a behind the scenes look on the campaign trail with the candidates. >> investigators believe faulty smoke detectors may have led to a deadly fire. fire crews were called out to the
santorum on romney's tax plan. >> i don't think the plan is bowl or focused on where the problems are. >> as far as who california republicans think will be the nominee. romney seems to have an unshakable lead, and all this bickering tonight won't change that. >> by and large tonight romney kept his lead. i don't think anything dramatic happened to take that lead away from him. until the field is down to maybe one or two antiromneys, he is going to continue to lead. >>...
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. >> the govern area disa sh dash the governor's tax increase bill has to pass, if not others will face millions in new cuts ssments he was a parent of school-age childr ham. >> we were going to have to close the school district down early and children weren't going to be able to graduate that year. and it was a terrible, terrible thing. >> now that she is a board member and weathered the bankruptcy, the district needs more funding if it plans to restore programs and reduce class sizes. >> we are no where near out of the woods. we are still in a state that isth out of 50th in funding of schools. >> if passed it will give theri4 million a year for five years. that's fine for west contra costa. the school districts like oakland and vallejo are in receivership, and there is no sense when they will be able to retire their debt. thomas roman, abc7 news. >> thanks, thomas. >>> we have new information involving pg&e gas lines. the san francisco chronicle is reporting the utility giant accidentally over pressurize its natural gas pipelines. it did it more than 120 times after the deadly 2010 sa
. >> the govern area disa sh dash the governor's tax increase bill has to pass, if not others will face millions in new cuts ssments he was a parent of school-age childr ham. >> we were going to have to close the school district down early and children weren't going to be able to graduate that year. and it was a terrible, terrible thing. >> now that she is a board member and weathered the bankruptcy, the district needs more funding if it plans to restore programs and reduce...
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business groups are fighting the law saying it is in essence a tax. the obama administration says it is confident the law upheld. be upheld. >> one thing i am confident of is by the end of the decade we will be glad the republicans trim obama care. it will be nothing like the kind of fear mongering that was done. >> the law would force dramatic changes in the way companies do business including forbidding them from de thighing coverage due to preexisting medical conditions. >>> "the obamas" is about the first family. >> it drew the ire of the first lady. >> the author sat down with 7 live's brian copeland and opened up about the controversy surrounding it. >> what the book does talk about which is difficult for any administration to have revealed is that it is really a behind the scenes look at the process of becoming the president and first lady. it is nothing that happens in a flash on inauguration day. it is a slow process. >> and you sat down with them for an interview what 40 minutes or so ago? >> yes. >> the white house really let me in. talked
business groups are fighting the law saying it is in essence a tax. the obama administration says it is confident the law upheld. be upheld. >> one thing i am confident of is by the end of the decade we will be glad the republicans trim obama care. it will be nothing like the kind of fear mongering that was done. >> the law would force dramatic changes in the way companies do business including forbidding them from de thighing coverage due to preexisting medical conditions....
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and then there's the tax hike on higher-earning americans. republicans aren't buying it. >> there is just no reason why 98% of americans have to see their taxes go up because some members of congress on the republican side want to block the tax rate increases for 2% of the wealthiest americans. >> i'm just flabbergasted. i looked at him and said, you can't be serious. i just have never seen anything like it. >> if they cannot reach a deal by new year's day, nearly every american will end up paying more in taxes. >>> public school students in five states will soon spend a lot more time in the classroom. a new three-year pilot program will be announced today in colorado, connecticut, massachusetts, new york, and tennessee. 20,000 students at those select schools will spend an extra 300 hours per term in class starting next year. it will be up to local districts to decide if school days or school years should be extenzed. >>> very interesting approach there. >>> and a church in boston could soon be seeing a huge influx of cash, but not everyone
and then there's the tax hike on higher-earning americans. republicans aren't buying it. >> there is just no reason why 98% of americans have to see their taxes go up because some members of congress on the republican side want to block the tax rate increases for 2% of the wealthiest americans. >> i'm just flabbergasted. i looked at him and said, you can't be serious. i just have never seen anything like it. >> if they cannot reach a deal by new year's day, nearly every...
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we know that the tax hikes go up. ben bernanke, the fed chairman, fears that it will throw the country into a recession. they have to be careful here as well. but democrats and the president clearly believe that they have the leverage to force an increase in these tax rates on the upper income americans before they agree to a deal. >> we'll all be watching the stock market as well. >>> the president also concentrating on recasting his new cabinet and one name that came up yesterday is a replacement for leon panetta at the defense department. >> it's possible, this is a real game of musical chairs right now. the president has to fill at least three big jobs, secretary of state, cia. if the president does not choose susan rice that means kerry goes to state and hagel goes to defense. we just don't know right now. all of those names are in play as we talk. >> this wouldn't be his first republican secretary of defense as well. bob gates. all right, george. >>> don't miss george's interview with treasury secretary geithner
we know that the tax hikes go up. ben bernanke, the fed chairman, fears that it will throw the country into a recession. they have to be careful here as well. but democrats and the president clearly believe that they have the leverage to force an increase in these tax rates on the upper income americans before they agree to a deal. >> we'll all be watching the stock market as well. >>> the president also concentrating on recasting his new cabinet and one name that came up...
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but get rid of some deductions to bring in more tax money. that may not be enough to keep us from going over that fiscal cliff. but that fall may be enough to force political leaders to finally do something. >> if we do nail this down, reasonably so, i think the economy's off and running. so, we're just one piece of legislation away from a much stronger economy. >> reporter: but getting that one piece of legislation may prove very difficult. the president said the voters picked his path. and the house speaker, rightly points out that americans did return the republican house. divided government. the question, bianna, can they unite to avoid this fiscal cliff? >> that is the big question. david, thank you. >>> and now, to the very angry and frustrated victims of hurricane sandy. hundreds of thousands still without power and demanding answers, some 12 days after the devastating storm hit. as the long lines show, getting gas is still a big problem around parts of new york, as well. but what's not a problem is getting a special delivery in the ma
but get rid of some deductions to bring in more tax money. that may not be enough to keep us from going over that fiscal cliff. but that fall may be enough to force political leaders to finally do something. >> if we do nail this down, reasonably so, i think the economy's off and running. so, we're just one piece of legislation away from a much stronger economy. >> reporter: but getting that one piece of legislation may prove very difficult. the president said the voters picked his...
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. >> reporter: to taxes. >> why is it that if you take advantage of a tax break and you're a corporation you're a smart businessman. but if you take advantage of something that you need to not be hungry you're a moocher. >> reporter: and even foreign policy. >> it appears that the american foreign policy has been to go into the middle east and try to buy friends. does that ever work? >> yeah, we can buy friends. >> reporter: there were moments you'll likely never see in the presidential debate. >> you just begrudged -- >> you've been begrudging all night. >> no. >> this is nothing but begrudging. >> reporter: there's hair advice for bridging the bipartisan divide in congress. one major snafu of the night, some viewers had difficulties streaming the debate live. there was so much demand it overloaded the servers. >> this whole idea is insanity. >> reporter: prompting tweets like this. your site is more broken than america. the rumble 2012 will soon bel toed by the refund 2012. at a press conference after the debate, bill o'reilly responded and said if fib wants their 4$ 9 $4.95 back they'
. >> reporter: to taxes. >> why is it that if you take advantage of a tax break and you're a corporation you're a smart businessman. but if you take advantage of something that you need to not be hungry you're a moocher. >> reporter: and even foreign policy. >> it appears that the american foreign policy has been to go into the middle east and try to buy friends. does that ever work? >> yeah, we can buy friends. >> reporter: there were moments you'll likely...
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later today a big announcement from the president calling for a tax cut extension for most americans. >> bush tax cuts, looking to extend them. >>> also coming up, the latest on a long-running hollywood mystery. why the coroner's office has changed natalie wood's manner of death more than 30 years. of course they reopened the investigation several months ago, and now this. >> closed it. now this twist. kind of weird, the twist and turns. >> beautiful woman. >> yes. >>> a tragedy in usher's family, sad, sad story. a rough couple months. the singer's 11-year-old stepson severely injured in a jet ski accident. new reports painting a grim picture this morning. we'll get to the details of that coming up in just a few minutes from now. >>> we are going to begin this monday morning with severe storms bringing an end to the deadly heat wave. >> a tornado descended on a dance studio filled with cheerleaders, blowing out windows, tearing down walls, even blowing the roof completely off the building. the coaches and parents did manage to get everyone into a safe room before the twister hit. stil
later today a big announcement from the president calling for a tax cut extension for most americans. >> bush tax cuts, looking to extend them. >>> also coming up, the latest on a long-running hollywood mystery. why the coroner's office has changed natalie wood's manner of death more than 30 years. of course they reopened the investigation several months ago, and now this. >> closed it. now this twist. kind of weird, the twist and turns. >> beautiful woman. >>...
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>> reporter: team obama tells us the president will go after romney on his tax cut plans and his ideas for winding down the war in afghanistan. but in tuesday's debate, it will be audience members who will be asking the questions in the town hall format. >> he's got to be able to go on offense without being offensive to the audience. he's got to go on offense and defend his vision, his path to where he'd take the country in a second term. >> how about a week ago i had a debate, and i did enjoy myself. >> reporter: as for romney, who is energized by the momentum and bigger crowds he's seen since the debate, our debate coach says, keep it up. >> i can't imagine that governor romney would get overconfident, but he needs to keep doing much of the same he did in the first debate. >> reporter: the big face-off at hofstra set for tuesday night. and the campaigns continue to raise cash. the obama campaign has just announced that it has more than 4 million donors this cycle. that's a presidential record, dan and bianna. >> david kerley, thank you. >>> and for much more on tuesday's debate, let'
>> reporter: team obama tells us the president will go after romney on his tax cut plans and his ideas for winding down the war in afghanistan. but in tuesday's debate, it will be audience members who will be asking the questions in the town hall format. >> he's got to be able to go on offense without being offensive to the audience. he's got to go on offense and defend his vision, his path to where he'd take the country in a second term. >> how about a week ago i had a...
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Feb 13, 2012
02/12
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he also wants to increase taxes for the wealthy. he's proposing $475 billion for infrastructure projects and another $350 billion to create jobs and stimulate the economy. >>> also today the 22 countries of the arab league will ask the -- all united nations members to send peacekeepers into syria. new amateur video from homs shows the government's assault there simply has not stopped. that city is now in ruins. in one break, though, in the fighting hundreds of people came out of hiding to line up for bread. the arab league says it is no longer okay to stand by and simply watch that bloodshed. >>> former penn state assistant coach jerry sandusky is expected to find out today whether he will be able to see his grandchildren. sandusky is under house arrest as he awaits his trial on child molestation charges. a judge had ruled earlier that he not be permitted to be around his own grandchildren as a condition of his bail. and that's video of him at his home. >>> in other news this morning they are searching a landfill near seattle for cl
he also wants to increase taxes for the wealthy. he's proposing $475 billion for infrastructure projects and another $350 billion to create jobs and stimulate the economy. >>> also today the 22 countries of the arab league will ask the -- all united nations members to send peacekeepers into syria. new amateur video from homs shows the government's assault there simply has not stopped. that city is now in ruins. in one break, though, in the fighting hundreds of people came out of hiding...
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Jan 26, 2012
01/12
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17% tax rate. which is why buffett and now the president are pushing what's being called the buffett rule, requiring millionaires to pay at least 30% in income tax, including that money earned through investments. it comes just 24 hours after republican candidate mitt romney revealed he made almost $43 million over two years, paying a tax rate of 13.9% in 2010. not debbie's 35.8%. mitt romney's wife, ann, appeared frustrated that they were so pressured to release their tax returns. >> you all know he's been successful in business. unfortunately, that was made abundantly clear yesterday when our tax forms were released. >> reporter: opponents argue raising the capital gains tax for millionaires like romney will stifle job creation, something this billionaire disagrees with. >> capital gains rates have been much higher in the past. >> reporter: it should also be noted that warren buffett doesn't blame mitt romney for the tax rate that he pays. he says he's done nothing wrong, just followed procedure
17% tax rate. which is why buffett and now the president are pushing what's being called the buffett rule, requiring millionaires to pay at least 30% in income tax, including that money earned through investments. it comes just 24 hours after republican candidate mitt romney revealed he made almost $43 million over two years, paying a tax rate of 13.9% in 2010. not debbie's 35.8%. mitt romney's wife, ann, appeared frustrated that they were so pressured to release their tax returns. >> you...
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Aug 13, 2012
08/12
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ryan says although he turned over several years of tax returns to the campaign, he would follow governor romney's lead on releasing them to the public. >> i am going to release the same amount of years that governor romney has. i will be releasing two. >> ryan says voters are concerned about the economy, not tax returns. >>> president obama is also in iowa, the start of a three-day bus tour through the same state as his campaign goes into attack mode. abc's david kerley reports on the president's reaction to the new gop running mate. >> want to congratulate -- no, no, no, look i want to congratulate congressman ryan. i know him. i welcome him to the race. congress, congressman ryan is a decent man, he is a family man. >> reporter: mr. obama quickly attacked what he calls the top-down, romney/ryan economic plan. >> they have tried this before. they have tried to sell us this trickle-down, fairy dust before. and guess what? it did not work. >> reporter: in chicago, the number of mr. obama's fundraisers hit 200. but his first stop was campaign headquarters where they plan for the new politi
ryan says although he turned over several years of tax returns to the campaign, he would follow governor romney's lead on releasing them to the public. >> i am going to release the same amount of years that governor romney has. i will be releasing two. >> ryan says voters are concerned about the economy, not tax returns. >>> president obama is also in iowa, the start of a three-day bus tour through the same state as his campaign goes into attack mode. abc's david kerley...
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Jun 25, 2012
06/12
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well, after a $7,500 tax credit, the price ranges from just under $50,000 to about $100,000, depending on the battery size and options you choose. but this car is so popular if you order one soon it will be delivered in about a year. john schriffen, abc news, new york. >> good looking car, right? >> that's good news for them. they lost $1 billion selling this because they marketed it to the likes of george clooney and hollywood. now they're hoping that peons like us can't afford it. >> luxury sports car, that one. >> yeah, they will actually start buying them. >> are you a good driver? >> i'm a pretty good driver, actually. >> oh, there you go. come on. >> that was you this weekend? >> we're going to need to get a new car. that's our new boat. >> your new boat. must be doing well. >> the car. >>> coming up the hot new disney movie "brave." we'll be right back. the hot new disney movie "brave." we'll be right back. part b medical expenses. only aboutr the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all st
well, after a $7,500 tax credit, the price ranges from just under $50,000 to about $100,000, depending on the battery size and options you choose. but this car is so popular if you order one soon it will be delivered in about a year. john schriffen, abc news, new york. >> good looking car, right? >> that's good news for them. they lost $1 billion selling this because they marketed it to the likes of george clooney and hollywood. now they're hoping that peons like us can't afford it....
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Jul 11, 2012
07/12
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instead releasing just his 2010 return and an estimate of his taxes for 2011. telling diane sawyer that's plenty. >> we have released all the information required by law and then some. >> reporter: we have looked back and found every presidential nominee in both parties over the last three decades has released more tax returns. romney says he will release his 2011 return when he finishes it. but that's it. not that he doesn't have more returns handy. when he was under consideration to be john mccain's running mate, he gave mccain 23 years of tax returns, noting at the time, "i am a bit of a pack rat. i had them all." the romney campaign calls all this attention to his personal finances a distraction, an effort they say by the obama campaign to divert attention from the president's failed economic record. jonathan carl, abc news, washington. >> i don't think people are going to like that. transparency for me is always the best policy when it comes to politics. our politicians, we want to know. and it is somewhat -- i think people are going to question we has the
instead releasing just his 2010 return and an estimate of his taxes for 2011. telling diane sawyer that's plenty. >> we have released all the information required by law and then some. >> reporter: we have looked back and found every presidential nominee in both parties over the last three decades has released more tax returns. romney says he will release his 2011 return when he finishes it. but that's it. not that he doesn't have more returns handy. when he was under consideration...
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Nov 11, 2012
11/12
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can't cut a deal, the president is saying, i want to raise taxes on rich people. the republicans have come out and said, no go. do you see any pathway to a deal here? >> there's going to have to be a pathway to a deal. because as you point out, you'll have a big hit on january 1st. at least $500 billion of spending cuts and tax increases but right now both sides are dug in. there does seem to be some middle ground. is there a way to get new revenues out of the wealthy without raising their rates? that's going to be the question they'll be focusing in on these next several weeks. >> george, thank you. as always, george has a must watch show. senators patty murray and saxby chambliss as he mentioned along with his powerhouse roundtable. >> now to ron claiborne with the other top stories. hey, ron. >> good morning, everyone. >>> we begin with politics. four days after the national election, they are finally finished counting ballots in florida, and the official winner in that state, barack obama. president obama ended up edging out mitt romney by about 74,000 votes o
can't cut a deal, the president is saying, i want to raise taxes on rich people. the republicans have come out and said, no go. do you see any pathway to a deal here? >> there's going to have to be a pathway to a deal. because as you point out, you'll have a big hit on january 1st. at least $500 billion of spending cuts and tax increases but right now both sides are dug in. there does seem to be some middle ground. is there a way to get new revenues out of the wealthy without raising...